TSL vs. WMT
TSL (GraniteShares 1.25x Long Tsla Daily ETF) is Leveraged Equities fund actively managed by GraniteShares, while WMT (Walmart Inc.) is a stock. Over the past 3 years, TSL returned 6.89%/yr vs 33.53%/yr for WMT. At a 0.14 correlation, their price movements are largely independent.
Performance
TSL vs. WMT - Performance Comparison
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Returns By Period
In the year-to-date period, TSL achieves a -20.75% return, which is significantly lower than WMT's 7.61% return.
TSL
- 1D
- -7.14%
- 1M
- -13.27%
- YTD
- -20.75%
- 6M
- -28.13%
- 1Y
- 4.88%
- 3Y*
- 6.89%
- 5Y*
- —
- 10Y*
- —
WMT
- 1D
- 1.91%
- 1M
- -0.71%
- YTD
- 7.61%
- 6M
- 8.11%
- 1Y
- 23.04%
- 3Y*
- 33.53%
- 5Y*
- 22.77%
- 10Y*
- 19.44%
TSL vs. WMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TSL GraniteShares 1.25x Long Tsla Daily ETF | -20.75% | 3.49% | 64.12% | 113.79% | -67.61% |
WMT Walmart Inc. | 7.61% | 24.49% | 73.99% | 12.88% | 12.02% |
Correlation
The correlation between TSL and WMT is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022 | 0.14 |
The correlation between TSL and WMT shifts across timeframes, from -0.09 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TSL vs. WMT — Risk / Return Rank
TSL
WMT
TSL vs. WMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 1.25x Long Tsla Daily ETF (TSL) and Walmart Inc. (WMT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TSL | WMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.19 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.13 | 1.47 | -1.34 |
| Martin ratioReturn relative to average drawdown | 0.29 | 4.40 | -4.11 |
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Drawdowns
TSL vs. WMT - Drawdown Comparison
The maximum TSL drawdown since its inception was -74.52%, roughly equal to the maximum WMT drawdown of -77.14%. Use the drawdown chart below to compare losses from any high point for TSL and WMT.
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Drawdown Indicators
| TSL | WMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.52% | -77.14% | +2.62% |
Max Drawdown (1Y)Largest decline over 1 year | -36.98% | -15.75% | -21.23% |
Max Drawdown (3Y)Largest decline over 3 years | -63.30% | -21.93% | -41.37% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.74% | — |
Current DrawdownCurrent decline from peak | -34.31% | -11.01% | -23.30% |
Average DrawdownAverage peak-to-trough decline | -38.56% | -14.63% | -23.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.12% | 5.25% | +11.87% |
Volatility
TSL vs. WMT - Volatility Comparison
GraniteShares 1.25x Long Tsla Daily ETF (TSL) has a higher volatility of 17.76% compared to Walmart Inc. (WMT) at 6.40%. This indicates that TSL's price experiences larger fluctuations and is considered to be riskier than WMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSL | WMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.76% | 6.40% | +11.36% |
Volatility (6M)Calculated over the trailing 6-month period | 35.40% | 18.56% | +16.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.77% | 23.82% | +31.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.10% | 21.70% | +51.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.10% | 21.76% | +51.34% |
Dividends
TSL vs. WMT - Dividend Comparison
TSL has not paid dividends to shareholders, while WMT's dividend yield for the trailing twelve months is around 0.81%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TSL GraniteShares 1.25x Long Tsla Daily ETF | 0.00% | 0.00% | 0.00% | 60.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WMT Walmart Inc. | 0.81% | 0.84% | 0.92% | 1.45% | 1.58% | 1.52% | 1.50% | 1.78% | 2.23% | 2.07% | 2.89% | 3.20% |
Frequently Asked Questions
TSL and WMT have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSL has higher volatility (17.76%) compared to WMT (6.40%). In terms of maximum drawdown, TSL dropped -74.52% vs WMT's -77.14%.
WMT currently has the higher Sharpe Ratio (0.97 vs 0.09), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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